Dutch Bros (NYSE:BROS) Upgraded to Overweight at Barclays

Dutch Bros (NYSE:BROS) was upgraded by equities researchers at Barclays from an “equal weight” rating to an “overweight” rating in a research report issued on Tuesday, Marketbeat.com reports. The firm currently has a $70.00 target price on the stock, up from their prior target price of $38.00. Barclays‘s target price would suggest a potential upside of 24.75% from the stock’s previous close.

A number of other brokerages also recently weighed in on BROS. UBS Group upped their price target on shares of Dutch Bros from $44.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, December 6th. Wedbush raised their target price on Dutch Bros from $45.00 to $55.00 and gave the company an “outperform” rating in a report on Thursday, November 7th. Baird R W raised Dutch Bros from a “hold” rating to a “strong-buy” rating in a report on Monday. Stifel Nicolaus raised their price objective on Dutch Bros from $42.00 to $53.00 and gave the company a “buy” rating in a research note on Thursday, November 14th. Finally, JPMorgan Chase & Co. boosted their target price on Dutch Bros from $48.00 to $58.00 and gave the stock an “overweight” rating in a research note on Thursday, December 19th. One analyst has rated the stock with a hold rating, eleven have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $56.36.

Dutch Bros Price Performance

Dutch Bros stock opened at $56.11 on Tuesday. The firm has a market cap of $8.65 billion, a PE ratio of 193.49, a price-to-earnings-growth ratio of 3.89 and a beta of 2.71. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.90 and a quick ratio of 1.68. The stock’s fifty day moving average price is $50.12 and its two-hundred day moving average price is $40.46. Dutch Bros has a one year low of $25.46 and a one year high of $59.18.

Dutch Bros (NYSE:BROS) last issued its quarterly earnings results on Wednesday, November 6th. The company reported $0.16 EPS for the quarter, topping analysts’ consensus estimates of $0.12 by $0.04. Dutch Bros had a return on equity of 5.48% and a net margin of 2.54%. The company had revenue of $338.20 million for the quarter, compared to analysts’ expectations of $324.97 million. During the same quarter last year, the business earned $0.08 earnings per share. Dutch Bros’s revenue was up 27.9% on a year-over-year basis. As a group, research analysts expect that Dutch Bros will post 0.39 EPS for the current fiscal year.

Insider Buying and Selling

In related news, major shareholder Dm Individual Aggregator, Llc sold 115,854 shares of Dutch Bros stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $33.38, for a total value of $3,867,206.52. Following the transaction, the insider now directly owns 9,817 shares of the company’s stock, valued at $327,691.46. The trade was a 92.19 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Travis Boersma sold 38,339 shares of the stock in a transaction that occurred on Monday, November 4th. The shares were sold at an average price of $33.48, for a total transaction of $1,283,589.72. Following the sale, the chairman now directly owns 15,610 shares of the company’s stock, valued at $522,622.80. This represents a 71.07 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 560,698 shares of company stock worth $19,040,697 in the last ninety days. Company insiders own 46.50% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Quest Partners LLC boosted its position in Dutch Bros by 3,321.7% during the second quarter. Quest Partners LLC now owns 787 shares of the company’s stock valued at $33,000 after acquiring an additional 764 shares during the last quarter. Jamison Private Wealth Management Inc. lifted its stake in shares of Dutch Bros by 150.2% in the 3rd quarter. Jamison Private Wealth Management Inc. now owns 833 shares of the company’s stock valued at $27,000 after purchasing an additional 500 shares during the period. Hollencrest Capital Management boosted its position in shares of Dutch Bros by 52.3% during the 3rd quarter. Hollencrest Capital Management now owns 914 shares of the company’s stock valued at $29,000 after purchasing an additional 314 shares in the last quarter. Abound Wealth Management acquired a new stake in Dutch Bros during the second quarter worth approximately $39,000. Finally, Quarry LP acquired a new stake in shares of Dutch Bros during the 2nd quarter worth approximately $43,000. Institutional investors and hedge funds own 85.54% of the company’s stock.

About Dutch Bros

Dutch Bros Inc, together with its subsidiaries, operates and franchises drive-thru shops in the United States. The company operates through Company-Operated Shops and Franchising and Other segments. It serves through company-operated shops and online channels under Dutch Bros; Dutch Bros Coffee; Dutch Bros Rebel; Dutch Bros; and Blue Rebel brands.